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Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP

October 16, 2024

Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity,…
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Network State Praxis Secures $525M Financing to Launch New City Meant to Attract Crypto Entrepreneurs and Promote ‘Western Civilization’

October 16, 2024

Praxis has announced a significant milestone, securing $525 million in financing to establish a new city designed to draw in crypto entrepreneurs and champion the ideals of Western Civilization. With a robust community of over 14,000 members across 84 countries and a collective valuation of more than $400 billion, the network state aims to create…
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Sonic Co-Founder Andre Cronje Criticizes Ethereum L2 Appchain Adoption

October 16, 2024

Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibilities of receiving support, centralization, fragmentation of liquidity, and the lack of a…
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Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms

October 16, 2024

The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited were accused of operating without a banking license. Plea Agreement The Nigerian Federal Government recently received nearly $100,000 (NGN160…
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Ethereum Bulls Set Sights on $3K: Is a Rally Coming?

October 16, 2024

Ethereum price started a fresh increase above the $2,550 resistance. ETH is gaining pace and might soon clear the $2,650 resistance. Ethereum started a fresh increase above the $2,520 and $2,550 resistance levels. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support…
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As Bitcoin Tops $66K, Fear & Greed Index Moves To Neutral—What’s Next?

October 16, 2024

Analysts observed that the number of Bitcoin active addresses is unaffected by the fluctuating sentiments around the most popular cryptocurrency, saying it remains remarkably stable. This, as the alpha coin breaches the $66,000 level at the time of writing. Active address count monitors the number of unique Bitcoin addresses that have been involved in a…
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Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?

October 16, 2024

Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue to rise if it clears the $72.80 resistance zone. Litecoin is showing positive signs from the $65 support zone against the US Dollar. The price is now trading above $70 and the 100-hourly Simple Moving Average. There is a…
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Neiro Coin Blows Up 4,608%—Can It Sustain The Momentum?

October 16, 2024

Neiro Coin (NEIRO) has captured the attention of the crypto market, experiencing a whopping 4,608% increase in value within a mere 30 days. The memecoin’s extraordinary 48x return in a single month was a result of its precipitous rise from $0.000039 to $0.002. Neiro explodes in price in the last month. Source: Coingecko Despite this…
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XRP Price Nearing Breakout: Can It Finally Push Higher?

October 16, 2024

XRP price is moving higher above the $0.5400 zone. The price must settle above the $0.5550 resistance to set the pace for a larger increase. XRP price is attempting a fresh increase above the $0.540 zone. The price is now trading above $0.5410 and the 100-hourly Simple Moving Average. There is a key bullish trend…
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Indian Police Crush ‘Goldcoat Solar’ Fraud — Binance Aids in Crypto Seizure

October 16, 2024

Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and promising high returns. Multiple arrests were made, and cryptocurrency assets were seized as part of the operation to shut…
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